Vast Resources Interim Loss Narrows Amid Favourable Currency Movements
Wed, 27th Jan 2021 14:37
(Alliance News) - Vast Resources PLC on Wednesday posted a narrowed interim pretax loss, helped by the mining company reporting a foreign exchange gain.
Vast, like a year earlier, did not report any revenue as its Baita Plai polymetallic mine in Romania did not begin sales during the six months ended October 31.
The AIM-listed firm s pretax loss slimmed to USD1.0 million from USD3.5 million a year earlier.
Vast reported a USD2.0 million foreign exchange gain, swinging from a USD773,000 loss.
In November, so after the end of the interim period, Vast concluded the first sale of concentrate from Baita Plai.
Atlas Special Opportunities LLC – Exercise of Conversion Rights
Nachrichtenquelle: globenewswire | 26.01.2021, 16:54 | 116 26 January 2021
Opportunities LLC – Exercise of Conversion Rights Vast Resources plc, the AIM-listed mining company, announces that Atlas Special Opportunities LLC has given notice to the Company that it elects to convert Bonds of USD 500,000 nominal value in accordance with the terms of the Bond Issuance Deed announced on 24 October 2019. The Company can confirm that it has satisfied the exercise of the Conversion Rights through the issue of 323,880,177 ordinary shares of 0.1 pence each in the Company (‘Ordinary Shares’) at a price of 0.1128 pence per Ordinary Share. Application will be made to the London Stock Exchange for 323,880,177 new Ordinary Shares to be admitted to trading on the AIM Market with admission expected to occur on or around 1 February 2021
+44 (0) 20 7236 1177
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe.
In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines.
The Company’s Romanian portfolio includes 100% interest in the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania’s largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M–3M tonnes exploration target. The Company is now working on
EXECUTIVE CHANGES: AIB Taps Former DCC CFO As Non-Executive Director
Fri, 22nd Jan 2021 14:47
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:
AIB Group PLC - Dublin-based bank - Hires Fergal O Dwyer as an independent non-executive director, effective immediately. O Dwyer retired as chief financial officer of DCC PLC last year, having joined the FTSE 100 support services firm in 1989.
Beazley PLC - London-based specialist insurance - Andrew Likierman to step down from board at end of annual general meeting on March 26, having completed two three-year terms. John Sauerland also will stand down at the AGM.
Fri, 22nd Jan 2021 14:47
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:
AIB Group PLC - Dublin-based bank - Hires Fergal O Dwyer as an independent non-executive director, effective immediately. O Dwyer retired as chief financial officer of DCC PLC last year, having joined the FTSE 100 support services firm in 1989.
Beazley PLC - London-based specialist insurance - Andrew Likierman to step down from board at end of annual general meeting on March 26, having completed two three-year terms. John Sauerland also will stand down at the AGM.